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plunging how can you invest in its smartphone rival samsung? tracy byrnes and ashley webster have the answers next on fox business. don't miss it. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. apple falling hard. the stock dropping nearly 12% on fears the company, well, is losing out to smartphone rival samsung. that raises the question how can you invest in samsung? we're looking for options in moments. it is not that easy. tracy: it is not. there is no adr. the odd man out months after nasdaq and i.c.e. teamed up in a failed bid to take over the new york stock exchange, nyse and i.c.e. are going it alone. bob fwri felled shares his reaction with liz claman from davos. that is ahead. ashley: a dire warning from the economy from a top advisor to president bush. ed lazear is here. he says we need to take dressic action right away. nothing happens in washington right away. tracy: unless its hundred of orders, or vacations. tracy: as we do
business exclusive. also, samsung electronics, america president first on fox business, and a store in the music industry, 50 cent. and breaking news regarding boeing. they had problems yesterday, of course today's problem with the fuel leak, you can see these problems are taking a toll on shares of boeing, which are dropping, but also the news of united airlines. the same place affair took place in the japan airlines, the airline according to reuters found improperly installed wiring in electrical proponent associated with celery power unit that this is what the "wall street journal" is reporting, this is also coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78 787 suffered severe damage. liz claman standing by in las vegas for the latest on 50 cent and the power players. how are you doing? liz: we are doing so well, we're iweare in the south hall right . if you look around, this is the area they do a lot of audio. the big crowds everywhere, all different kinds of companies, some very well-known, all day long
the cyberattacks on our nation's banks. connell: the man behind the iphone killer, samsung's chief product officer bringing his plans for the galaxy phone. dagen: a new court ruling on rfid tags at school and why your kids may have to wear them. connell: and more on this vicious flu outbreak is keeping both kids and their parents at home. dagen: don't look at me. i'm saying nothing. you should be appreciate the moment. connell: pretty much -- a lot of people have the flu, huh? that is a rare moment when you're quiet. dagen: do not come to work if you are that sick because i know you will wind up getting it. connell: that's how it spreads around. at the top of the hour we go to nicole petallides for stocks now and every 15 minutes. news on morgan stanley; right? nicole: right, let's take a look at morgan stanley. they are cutting 6% of their workforce. charlie gasparino was the first to report this, but they are going to do some job cuts. we're talking about 1600 jobs within institutional securities. more of the senior employees are probably the ones who will be looked at very closely. half in the
20% year to date. south korea's kospi added .4% helped by samsung electronics. australian shares rose for the 10th straight day. the longest rally since 2003. meanwhile, india's sensex is currently trading marginally in the green. ross, back to you. >> thank you. >>> jane foley is still with us. we want to ask about the australian dollar. this being one of the favorite currencies while china was growing and commodities were strong. what happens now? >> well, the australian dollar has been extremely resilient. this is counter to a lot of forecasts at the end of the year. they were, you know, china's weaker or the australian dollar is overvalued. australia has got to go down. the australian dollar has to go down. no, i mean, china data over the last month, two months, three months has improved -- doing better. perhaps they will cut rates bo there is a feeling that they still will next week. the resilience of the australian dollar comes back to the yield story. investors still want to buy yields. >> 104.37, down about .3 today. where do you see it midway through the year, 2013? >> i thin
this forward. facing tense competition from apple and samsung. as i really have the product of innovation to keep it competitive. the stock is down about 35 percent over the last 52 weeks. he is now saying that he is shepherding several projects parcel himself. does not get caught up in bureaucracy. does not suddenly fade away. coming out of the tokyo headquarters. a great interview with him and really said, where are the real products that everyone has talked about? we all remember our sony walkman this command. it really being competitive to apple and samsung and such. it certainly seems like he is ready to take sony. liz: the number one question which was right on the money, and now we see, what about the naysayers who really feel like to have not gotten up to the spark elise samsung's of the world and, of course, the apples. you would have had it right here. argue still on the sideline? is it time now for you to get off the sideline to make it into the game, get your hands on the ball? told u.s. trading volume, we thought this the -- this would really articulate. the volume has been o
. those delays disappointed investors. >> there's a short window of opportunity. remember samsung is getting ready for its brand new launch of its new samsung galaxy s4. apple is actually bringing the launch of next iphone 5s. so, the sooner they get it out the better. >> reporter: once out, they will be available on all major u.s. carriers, and it looks like the subsidized price will range from $149 to $199. still, will people beyond diehard blackberry fans actually buy the phones? >> start with suzanne's question i was a long time blackberry user. about a year ago, i finally switched. why should i switch back? >> you know the famous home button on the bottom of the device, you don't need this anymore. you don't go in and out of applications. you have it all at your fingertips at the same time. and you can take action on it without opening any other applications. >> reporter: but, if you're worried that blackberry isn't hip enough for you, the company had one more surprise: a new addition to its payroll. our new global creative director, ms. alicia keys. >> they did a very nice j
for the iphone 5 because of weak demand for the smartphone. the sales are slowing while samsung's share is increasing. here is another problem for apple, teens say it is no longer cool because adults like apple products but teens want the latest and greatest not a phone that came out when they were in elementary school. now a fix for the security flaw in java that. brother add warning from homeland security. 850 million people use java and this patch is not enough. those are the tech >> daly city, dublin, los gatos and all the bay area, this is abc7 news. >> good monday morning at 4:42. the embarcardero in san francisco, the ferry build, still red and blue for the 49er would won. here is the thing, it is very cold out there. you cannot tell from the picture but we have frigid conditions. mike nicco will talk about how long before we warm up this week. >> in the news the corruption trail of six former city officials in the los angeles suburb of bell is underway this week. a 20-count felony complain was handed down against the former mayor and vice mayor and four city council member. an i
show. >> samsung came up with a very interesting 5.5 inch flexible screen that kind of makes you imagine all kinds of possibilities
. >> samsung says global sales of its galaxy as smart phone has surpassed 100 million. >> samsung rolled out the first galaxy as models at the end of may 2010, scrambling to catch up with apple, which was reshaping the market. >> despite a late entry, samsung quickly caught up the cupertino firm and became the biggest more foam maker. >> galaxy s series achieved a milestone faster than apple. >> it took about four years wrap a cell 11 2 million iphone. >> a second fuel leak for bowens 787 streamlinerd- reamliner . japan airlines reported a fuel leak and inspection yesterday's. >> the aircraft quarterly was the same one that had a fuel leak in boston last week. >> japan's all nippon airways has experienced a filly, a cockpit when the crack and a computer malfunction in its 787 causing cancellations flights. the u.s. government said last week the 787 a safe to fly, though it lost the probe last week into the cause of their is problems very >> still ahead back on the ice the san jose sharks' head back to training will take you inside their practice >> good morning time ms. 4:14 on your monday m
of a disappointment. it'll compete in price with the iphone and samsung galaxy, and we think it'll have less of a chance of converting those customers over." monday, the current ticker symbol will change from rim to bbry. the stock, which surged 140% in anticipation of the launch, wound up losing 12%, down $1.88 per share. many have called this a hail mary pass for blackberrym, which fits with an expensive ad buy during the super bowl. the company also introduced singer- songwriter alicia keys as its global creative director. a bankruptcy court will consider a proposal today that could return missing money to mf global investors. farmers and other investors lost mllions of dollars when the brokerage firm fell apart in 2011. regulators uncovered $1.6 billion trapped in wire transfers. the new york times is calling today's court proceedings a turning point in the case. boeing's ceo is confident investigations will reveal the source of the dreamliner's problems, but won't say how long that will take. joe schwieterman, an airline analyst, predicts pressure from airlines may get the planes back i
the best possible picture. phones like samsung and galax and lg and lumina 920 offer this feature. if someone ruins a shot by walking in on it you can remove them. >> tap what you don't want in the know to and the camera takes it away. on some phones can you set it to certain words like "cheese" and the camera takes the picture. ever miss a shot because you did not take it fast enough? the lg senses when your finger is about do snap a photo and takes multiple shots so you do not miss the moment. with smart 15s, getting smarter, you will have fewer excuses for taking a bad photo. >> consumer reports expected to see these features begin to show up on traditional cameras in the coming year. the samsung galaxy and digital camera allow you to combine the best takes of each person for multiple photos and combine them all into one picture. >> vacation photos about to get better. >> people could take photos at the maverick surf competition with the surfing world ready to descend on the san mateo coast. >> duped? or deception? the romantic hoax entangling a star notre dame football player
samsung announced fourth quarter profits of $6.6 billion. that is an increase of 76%. samsung says the popularity helped boost profits. galaxies outsold iphones for the fourth quarter in a row. it is the worst performing of all the asian markets so far this year. in contrast japan nikkei finished the year a three year high. checking in on the european markets all of them most of them are upright now. and our markets futures indicate a higher opening here in the u.s. as well. that follows decent gain for the dow jones up 46 points. s & p did cross 1500 yesterday. it might test that level today. >>> coming up. for the rebuilding process for hurricane sandy just starting in new jersey. homeowners want exactly what they had before may be in for a surprise. >>> good news for fans of star wars movie series. the new indications that episode seven may be in the works soon. >>> you can wake up with ktvu every morning. get the mornings top stories that developed while you were sleeping sent straight to your cell phone every weekday morning at 6:00 a.m.. text the word wakeup to 70123. ♪ usi
on your apple hat, all right? they would rather do business with samsung's chip, even though samsung is their biggest competitor, than switch to intel. >> what are we missing? there's uniform negativity here. we'll look back on it at end of this year and say, wait a second, we should have thought of that. >> don't throw that. >> that pc was bad, and they had every right to go out the window. all right, i've calmed down. >> there's no hope? >> anytime you have that budget, you can do it. i like stacy very much. it's a great manufacturer. there's hope. >> okay. >> there's hope. same level of hope. silver lining theory i call it. >> okay. when we come back, a wall street analyst known for being a longtime bear on netflix. and from textbook reynolds to the linked-in for college students, we'll talk to former yahoo! ceo. [ "i'm only human" plays ] humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't
in to kick ap putt at the moment. an article saying is samsung the new call. the advertising campaign was five or six years old saying, android is outselling apple, which we've known for an awfully long time. as ceo, as head of the pr, marketing director, how do you stop that sort of comment dead in its tracks? is it about offering bigger dividends or something more profound? >> well, you know, one of the things i like tim cook has been saying is, we're not about maximizing market share, which maybe sounds like a crazy idea, we're about maximizing customer experience. and we want customers to love our products. that's what got them in the winner's circle in the first place. that's the only thing that enables any mobile phone company, any technology company to keep on going at this tremendous pace. >> sidney -- >> i think you have to -- >> i'm sorry. i didn't mean to interrupt you. i just want to bring in jeffrey. we had a problem with the camera at yale. and now he's now joining us on the phone. jeffrey, what is your view? what should tim cook do here to reinvigorate apple? >> well, y
there is also a subsidy for the samsung galaxy. when you've only got two devices to choose from, not enough competition for these carriers to say, no, we're not going to pay that much. that certainly would seem to be something here that investors are going to continue to pay attention to. the margins are the key here. we'll see. high multiple stock, 15 times, does have a nice dividend as you point out. investors may be looking closely at the margin number for their guidance for the year, despite what are some positive comments. >> we love the stuff. how does it change. how does the metric change. if we look at the fios numbers, they start making money on the dvr, no, now it's just wireless. >> you don't want to forget about the other important parts of the business. there's a wire line business, and that's where they took the sandy charge in terms of the wire line. the positive effects from the union deal that will start to be felt this year. but wireless is the key for this company. it's what moves the stock. it is the most important component by far. this is a giant player that has had ex
apple's latest version of the smart phone or tablet. the new buzz out there is samsung, not apple. apple-like hype is building for the samsung galaxy smart phone, a bigger screen, faster speed, longer lasting battery. and launched in may, it was considered the first to meet or exceed. you keep hearing, apple doesn't meet cool anymore, that's samsung. and i wonder if apple is below 500. where are we? >> and the traders are not getting in and out. right at the 498 mark, not far off from 500. i can tell you that ubs says the next 100 point move should be to the upside. you're right, it really hasn't been doing too much. stuart: and the s&p 500, they're at a five-year high and people down there are happy, aren't they. >> they are, right? they're back to the pre-the financial crisis and and then you sell, your overbought. stuart: cheer up, people, there's good news out there. the markets at five-year highs and your 401(k) is looking good, but we're going to poor cold water on it with a poll that says you are not convinced. we'll bring you the opening bell, should be up in a moment. [ male ann
samsung crushing the competition. you ask is apple next. i bring this up, because, of course, several -- you know, a couple months ago we saw the case. >> yeah. >> about how we heard samsung might be driven from business because apparently their smartphones copied from the iphone. but things seem to be going really, really well for them right now. >> well, that litigation is outstanding. but, you know, and ongoing, i should say. but in the rest of the world, it's not so important. that's number one. number two, it's not possible that the u.s. government is going to shut samsung down from distributing phones in the united states. not going to happen. and samsung is beating apple and smartphones and the rest of the world. they're neck and neck in the united states. and droids are a very, very compelling product versus these iphones. >> -- >> the galaxy note 2. apple has already reported they're ordering less supplies, they think demand is dipping. everyone you talk to seems to like samsung. and now people say blackberry has a chance to survive with the blackberry 10. it's funny how in a
ago. you look at the third-quarter share loss. 14.6% down from 23% a year ago. you look at samsung's growth, and samsung at 31% of worldwide shipments, from 8.8%. so we're seeing these two sort of cross paths here with samsung on the upswing, samsung yesterday reporting a record year, and apple on the down side. >> how long is tim cook going to subsidize its biggest enemy, samsung, and not go to taiwan semiconductors? do something about this south korean invasion. samsung is apple around the world. >> no doubt about it. took that nice train from london to paris. it goes a lot faster than amtrak, just so you know. >> does it lose money every year? >> no apple iphones to be found. but you saw a lot of galaxiegal >> you know, i've got to tell you, apple, wow, what a powerful hurt it's being put on a lot of people. this was one of those stories that everybody owns, and now everybody's saying, what the heck. >> right. >> got to break some news here with mary thompson. i think she's back at headquarters, news on aig. >> as we all know, the company's board is meeting today. and evidently
. >> samsung came up with a very interesting 5.5 inch flexible screen that kind of makes you imagine all kinds of possibilities >> woodruff: plus mark shields and david brooks analyze the week's news. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> and by bnsf railway. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the future u.s. military role in afghanistan was front and center today as president obama met with afghan leader hamid karzai. they reported progress in their talks, and said the pace of the security transition will be expedited. at their first face-to-face meeting since may, the leaders announced they're accele
. >> there's competition. >> from samsung. a lot of people are criticizing apple for its execution, some of these new products are not panning out. i don't want to get too in the weepds but it's not-- weeds, bu perfect picture. >> remember how we thought about apple a year ago. we said never since microsoft in 1999 have we had a single stock contribute 10% to a 10% market rally. turned out that was top tick for apple and we weren't making a fundamental statement. look it had become as we were discussing before a bit of a cult stock. my broader issue here is tech in general i think looks attractive but the enterprise of tech, the capital spending part of tech, tech spending was depressed. capital spending was depressed last year because of public policy uncertainty. we think that's going dissipate through the year. the consumer is in a worse spot primarily because of tax hikes. supply side economics, right. so apple is a consumer company for the most part and i think that any consumer company will struggle. >> that's an important point. let's follow that point. is part of this apple drop
. >> reporter: good morning. the iphone still a hot seller but samsung has been padding its lead over apple with its lower cost devices especially overseas. and it's been long rumored that apple would come up with a less expensive iphone to compete. the "wall street journal" says that we could see that lower end iphone by the end of the year. one of the keys in lowering the price would be using less expensive materials. in particular, for the body, perhaps relying on polycarbonate plastic rather than aluminous glass as we see in current iphone models. it is expected that samsung will sell about 290 million smartphones this year. apple around 180 million. >>> there is a big deal in the wireless network space that could be under way. sprint already trying to take over clear wire networks. it already owns more than half of the company but dish network is now stepping in and trying to outbid sprint for that network. dish already provides a number of services wants to add voice to that. we'll see if they can possibly get past the offer from sprint which is al
pending an investigation. >>> bad news for apple following the lawsuit with rival samsung. cnbc's jackie deangelis live with that story and more. good morning. >> good morning, aaron. a federal judge rejected apple's request to increase $1 billion in damages that it was warded. the jury found samsung infringed on some but not all of apple's smartphone and tablets. the judge said the swrir got it right and not been able to -- asked for a new trial. >>> toyota is recalling for 752,000 corollas and matrix vehicles to fix airbags that could deploy when they're not supposed to. it has received reports of minor injuries and two accidents. the automaker is recalling 270 lexus i.s. vehicles because of a problem with the wipers that would cause them not to work in certain weather conditions like snow. back over to you guys fiemt jackie deangelis at cnbc. >>> a 4-year-old boy is in serious condition after being hit by a car. this happened in green belt. chopper 4 was over the scene on breezewood drive. the boy was with his father at the time of the accident. police are not saying what led to that
phone, not everyone. what to buy next is a huge topic of debate. >> i see some people switch to samsung and samsung galaxy s3. i've heard it's pretty good and there's apps you can't put on your iphone. i would say some people are starting to switch over but i'm still faithful to iphones. >> i've heard a lot of reviews with new sam sungs, galaxy. a lot are saying better than iphone. >> they are similar. why spend more on the iphone. you get the same technology. >> how much did it cost? >> about like $100. it's cheap not like the iphones. >> they are in transition. they just lost steve jobs. have you to give them time. they are innovative. apple tv looks cool. >> i don't think they will lose status, i just don't think they will be the sole providers for that anymore. >> a lot of them have iphones but many have not upgraded to the 5. that mizzou survey found 18 to 34 years old have more androids that iphones that flip flops with college graduates. most graduates from iphones and blackberries, back to you. >> thanks very much, jane. give my love to my alma mater. meanwhile, a big deal in the battle ove
to release a cheaper iphone to compete with samsung and they say, although apple only has 20 percent of the smart phone market they have 75 percent of smartphone profits. >> 6:12. if you want to give facebook duck -- zuckerberg's attention, it will cost you. >> people are lining >> walnut creek, campbell and all the bay area this is abc7 news. >> good morning, again. this is our least amount of color and into the orange we have the dry air and the moist air is the green and blue to the north and the jet stream we talked about is digging a big trough of low pressure over us which is the bowl of cold air that will keep our temperatures below average this afternoon. 49 at livermore and morgan hill is cool and 53 in ocean land on the warm end. tomorrow and sunday, frosty start with temperatures in the low 50's and we will see a slow warming trend on monday and low-to-mid 50's. kristen and eric? >> the latest on the nation-wide flu outbreak that continues to spread this morning coast to coast. hospitals are overwhelmed. now some schools are closing. and now from washington, dc, we learn t
have four times the resolution of conventional high definition images. south korea's samsung electronics is the world's largest tv maker. people there have unveiled 85-inch and even 110-inch models. their tvs provide smooth streaming of online videos and voice-operated channel selection. sony has been selling 4k tvs since last year. the japanese electronics maker is the first to showcase a model with a 56-inch organic light-emitting diode screen. japanese electronics makers have been trying to launch 4k tvs ahead of their competitors. they want to turn around their struggling tv businesses. more headlines for you in business next hour. here's a check on markets. ♪ ♪ ♪ >>> the people at boeing trumpeted their 787 dreamliner saying travelers would fly into the future. but some are having trouble flying at all. a japan airlines plane on a runway in boston started leaking fuel just a day after a mishap involving another dreamliner. airport officials say about 150 liters of fuel spilled out before the plane was scheduled to take off. technicians checked things out, then dete
phone 5 to competitors with five-inch screens like samsung. because apple shares are so widely held, many investors tonight are wondering what to do with them. perhaps apple is no longer considered a growth stock. but, is it already low enough to be considered a value play? suzanne pratt, "n.b.r.," new york. >> susie: joining us now with more alysis on apple, and those microsoft earnings, collin gillis, technology analyst at b.g.c. partners. thely for apple their growth is slowing down. it is not the type of growth that wall street labels growth stock. when you see that market sell-off today it has put apple evaluation clearly into the value territory. >> susie: all right but let's just say that apple cos out with a bunch of really cool new products, maybe that ame tv we keep hearing about. would that make apple a growth stock again? >> you know, and so there's always that potential. you know, what investors need to see is what is the innovation that's going to be coming out of apple in the future. and that level of innovation isn't is in question right now. we haven't seen any new dynami
closed down 12%. >>> judge said no to apple and samsung today. apple wanted an increase in damages. but the judge rejected the request. she also rejected a request for a new trial but hasn't issued a request to reduce the damage judgment. apple is pressing new charges for current products. >>> the government says the nation's gross domestic product shrank for the first time in three years. it dropped in the 4th quarter. the president's christmases believe -- economickests said hurricane sandy played a roll. >> we have seen consistent job growth over almost three years. home prices are starting to climb back. consumer confidence has been rising rising and spending has been rising. >> lawmakers need to come up with a budget before automatic cuts kick in march 1. >>> on wall street today, it sent stocks down. the dow is down 44 to 13,910. the nasdaq is down 11 at 3,142. the s&p is down 5 at 1,501. >>> san jose valley veal is recalling more than a thousand pounds of veal because of possible e.coli contamination. a customer tested a shipment and reported results that were non-negative.
's make or break for this company. the products have been eclipsed by competitors apple and samsung. many say the success will decide whether blackberry's parent company, research in motion, stays in business. the blackberry 10 will be unveiled on thursday. >>> a training program to help those most in need could be a thing of the past if they don't find a new home. for ten years, the vienna presbyterian church hosted the guiding eyes for the blind puppy training program. the group uses the space every sunday but the church says they need the space back. organizers understand that space is in demand but the space is ideal for their very important training. >> we do work outside as much as possible. but it is very important that we have a nice room and in a central location in the area. >> the program will be kicked out of the church beginning next month. trainers say they have up to a two-year waiting list for the guide dogs and still haven't found a new space to continue training. >> incredibly important work that they do. these dogs are indispensable for people with vish um ul impairment
on this monday morning. check out best buy, it is selling a 32-inch samsung led television $279.99. how about a night out on the town? road 24. one of dc's hottest dining destinations, a six choice dinner for two 16 bucks, 29% off the usual $240 tab. you have until wednesday to sign up what about a new hairdo for that night out on the town? 50 bucks and you get $100 worth of services at ira ludwig salon in bethesda. >> if you have an offer you have seen, tell us on facebook. >>> a new survey of women say this is the number one thing that will determine whether or not she is going to date a guy. his profession, choice of music or type of car he drives? one of responses from our facebook fan page comes from laura has some dating remorse. she writes something i should have used to make my decision. believe it or not the answer is bthough, music. choice of music? whatever. anyway, if you answer the question of the day right, you have a chance to win four tickets to the washington golf show. we will be honey, don't use your sleeve. vo: for cold and flu seaso the's clorox bleach. >>> welcome back.
carefully before investing. >>> welcome back to "squawk" this morning. making headlines, samsung electronics says it's likely earned a quarterly profit of $8.3 billion, selling about 500 handsets a minute. samsung also benefiting from a pickup in demand for flat screens it makes for mobile devices, including those for rival apple products. but some analysts say investors are concerned samsung's momentum may slow in the first half. also at ces they're selling a $20,000 television that starts -- >> what? >> the new tvs start at 60 inches and go up to 100. >> 85? >> i heard about it. >> 85, that's -- >> life size at some point? >> oh, no. we wanted -- >> right. >> it will be in like two years. >> wait. that would be -- it would be more expensive to remodel your living room. >> now to sports and i like the sweater. i like you in that sweater. that's the sweater. >> i was in wisconsin when you said that i wore -- >> i don't think the guy could wear a sweater. but you're casual. you got the casual, almost a suito jean type thing going on. >> do a couple interviews in the field today and this is wh
times i've been standing around and groups of people are comparing their latest samsung phone or talking about the next generations of devices out. the mobile world conference is next month in barcelona. how much pressure is on the company for new devices? i think it's been said many times. this is an extremely important earnings called for the company tomorrow night. we feel the echo system that apple brings to the table is very strong and powerful. we see about 20% 3g coverage for mobile phones at this point. there's a lot of smartphone buyers still to come into the market and we ultimately feel as though it's a samsung and apple ecosystem play here as we go forward. but, you know, i don't feel as though apple has lost the cool factor completely. we feel as though this year will be important from a product perspective of what they, again, have up their sleeve over the coming quarter peps. >> aaron, do you have an iphone? >> i do, iphone 5. >> are you using it now? >> i am. >> okay. just curious. so it still has the cool factor there with aaron rakers. he's coming in from stifel nicolau
smart phones. in terms of market share to give you an idea, samsung, the operating system which is mostly samsung has about 70% worldwide. while apple, pretty pop pure lar here in the united states, worldwide, the ios operating system only about 20% market share. reporting live in the newsroom, let's go back to tori and dave. >>> 8:48. let's bring you up to date on some of the other top stories we're following for you right now. in san francisco, three people were rushed to the hospital after a truck, that truck, crashed into a building just hours ago. this all happened at 9th and brannan. the authorities say it appears a pickup driver hit a tow truck and crashed into the building. speed may have been a factor. >>> police are involved in sexual hazing at st. patrick's high school. >>> volunteers are fanning out across the south bay counting the homeless. ktvu's janine de la vega is live in san jose right now and tells us this count is crucial to getting federal funding, janine? >> reporter: dave, we've been trailing a team of volunteers you can see them right here as they are lo
by a jury. a federal judge rejected apple's request for an increase to the $1 billion samsung was already ordered to pay. the judge says the jury's decision was a reasonable settlement. the judge did not address samsung's request to reduce the award and a request for a new trial by both companies was denied. >>> a standoff goes on in alabama. dale county, alabama. a gunman holding a 6-year-old boy hostage since yesterday. police say the gunman shot a school bus driver, then kidnapped the boy. the bus driver later died. authorities say the man in his 60s was due in court today on a charge of threatening his neighbors. >>> well, back here at home, as sal has been telling you, a fiery crash this morning killed one person on eastbound 580 in livermore. there was a chain reaction crash involving four vehicles. the honda civic was rear ended. it was then rammed into the center median and then it caught fire. >>> in san jose police are busy investigating a suspected case of arson in the willow glen area. police say it appears someone threw a flammable liquid and then set it on fire. it was about
of diversify their portfolio and in the past a lot of people wrote that off. as they feel pressure by samsung, might be more credence to the rumor this time around. stuart: we feel that the smartphone is the newest-- and selling all over the world a huge deal. primary fight between apple iphone and samsung the galaxy. >> correct. stuart: it looks like in the china market, perhaps the most important market of all, apple wants to get back, not necessarily back on top, but certain a more major player and i hear maybe this new phone, if they do indeed come out with it, could be down to $100 bucks a pop. what are you hearing? >> well, yeah, because there's a lot of pressure on them to, in unsubsidized world we're moving into. if you buy an unlocked phone today, it's $150. when you have carriers t-mobile coming out unlimited plan only for unsubsidized phones that total cost of ownership is important. if apple does come out with a low cost phone it can't just be cheaper, they're going to have to differentiate whether it's in terms of color or design or even like, hooking up into new trends like wear
into an industry dominated by apple's iphone and samsung galaxy. rim is changing their corporate name to blackberry. the stock will be trading under the ticker symbol bbry. the earnings come as boeing dreamliner plane has been grounded. this latest from the fox business network giving you the power to prosper. tracy: brand-new exclusive video shows a new jersey hospital on how health reform can make more money for doctors not admitting patients. liz macdonald, you found a great story. >> a video spoof made by the moorestown medical center, they're a member of health reform to a cannibal care organization. you will hear the term aco. when you listen to the lyrics you understand how the health reform bill will basically create cost savings that go back to the hospital doctors and the federal government. let's take a listen. >> build it for all the right reasons. aco. sharing the savings and practices sure seems fair. as long as we follow the policy set down by medicare. >> what that refers to is the government's center for medicare and medicaid services. we spoke with staffers at the hospital, here's
are against samsung and apple are in a world of hurt. stuart: we are going to follow your tweets and put them on a banner at the bottom of the screen. you are never away from the job. you will be on "varney and company" constantly. lucky you. >> inside the event tweeting. stuart: good to see you. another good news/bad news scenario for your money. the good news is the market hitting record levels and more of you are investing in it. the bad news, more baby boomers are taking care of their adult children and their own elderly parents at the same time and draining their 401(k)s to pay the bills. we have more on what we will call the sandwich generation at the top of the hour. let's see where chesapeake energy is trading? charles always says watch stock when the ceo stepped down. the ceo stepped down at chesapeake. where is the stock? nicole: charles is right on the money at this one. so many stocks, it is up 10% today. the question was whether or not he and the board had different psychological abuse for the company. now it seems unanimous that they will not sell off the company, at least asset
. getting close. and for weeks, we've been talking about apple. losing its cool to samsung, now, the wall street journal has caught on. check out the headline from the journal, came out over the weekend, has apple lost its cool to sam sunk? there's the quote. i've got two big stories for you coming from overseas that we're following for you this morning. i'm sorry, i wanted to go for-- to apple, i'm sorry, i'm confusing everybody here. apple, pre-market, where are we, nicole? >> closed at 439 and change, the wall street journal must be watching "varney & company," they're looking down again. stuart: we've got it. 437 roughly on apple at the open and now i do have the two big stories we're following for you, overseas stories, first off, israeli sources tell the times of london that an explosion last week has extensive damaged iran's photo nuclear facility and used to enrich uranium. the israeli government is looking at reports it trapped 200 workers inside the facility and massive structural damage. iran denies the report and says it's quote, western propaganda designed to influence upcomi
. they are in a wait and see mode. apple now is competing so heavily against samsung and samsung baby cooler than apple. you know how it goes. there it is out for 50.72. we talk about the fact that not too far off the unchanged line. procter and gamble is up there as well. on the downside, alcoa and bank of america are two names that are weighing. connell: thank you, nicole. dagen: he already introduced him. connell did. charles payne. he is ready to make you some money this hour. i did not craft this segment. charles: you like those rvs. i finally went on a vacation. i took an rv from here to alabama. i insisted on the biggest one they had. it was huge. i did not know what i was doing. i got pulled over and he told me to "pick a lane." [ laughter ] charles: you almost feel like you are changing the stock. longer-term, this stock has been as high as $95. it is worth chasing. the market share gains were absolutely phenomenal. across the board, everywhere you look. they gain market share everywhere across the board. over all, they have gained market share. the gross margin, they reported 10.7% from 6.4%
. means beautiful picture. this is samsung's s 9 tv. it's 85 inches of beautiful 4 k resolution. looks like i'm looking at this animal. problem is they're not saying how much it's going to cost but it's coming out in march. other big thing everybody is talking about are thing that's work with your smart phone. talking about lots of things. refrigerator, vacuum and a fork this, is the happy fork. it work was the phone, the application will tell what you you're eating and the fork will vibrate if you're eating too fast. vibrating. see? it's vibrating. i'm a fast eater. and the last big thing at the show has to do with your phone but mostly has to po do with car tech. i'm going press this button. a car is going unpark itself, and come pick me up. guess what? no one is driving that car. this is coming from audi called piloted parking and prom yigs it before the end of the decade this, is joannea stern, abc news, las vegas. >> because we all need a vibrating fork. now what about the one that's we already have? coming up at 4:55 abc 7 news reporter has more on gadget fatigue, why people may
. samsung reported good numbers. but this is a play on everybody else but apple. they do great touch work. good yield. t.j. saying this is the bottom in a cycle. i'm not going to doubt t.j. i think he's a pretty good guy. >> game stop? >> oh, my. you've got hardware down 2.7%. pre-own, which is always a terrific -- down 15%. digital, not analog. hardware not selling. i remember when you had to wait in line for the big games. i used to have to wait in line for my kids. now on game stop, it's off the gaming rules. >> nice second half of the year. >> a lot of people felt there was a lot of new product coming out, you'll find new devices. this gaming industry has become challenged. xbox doing well. >> good names to watch. when we come back, an exclusive with morgan stanley's u.s. equity strategist, adam parker is one of the last year's bears, becoming more bullish in 2013. after a strong 2012, what is eli lilly's prescription for profits this year. opening bell coming up in just about three minutes. ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ o
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